"Bitcoin poised to become the U.S. government's store of value... Could reach $1 million"
Summary
- Mike Novogratz stated that Bitcoin is expected to eventually reach $1 million.
- He mentioned that if Bitcoin replaces gold as a store of value for the United States, its market capitalization could rise tenfold.
- At present, numerous companies, sovereign wealth funds, and individual investors are engaged in buying Bitcoin.
Galaxy Digital founder Mike Novogratz reiterated his prediction that Bitcoin (BTC) will eventually reach $1 million.
On the 13th (local time), Mike Novogratz, founder of Galaxy Digital, stated in an interview with CNBC, "Today’s younger generation is more interested in Bitcoin than in gold. Over time, gold will gradually be replaced by Bitcoin," adding, "If Bitcoin replaces gold as the United States’ store of value, the cryptocurrency’s market capitalization could increase tenfold, and Bitcoin could soar to $1 million."
He added, "Currently, all companies, sovereign wealth funds, and individual investors are buying Bitcoin. More ways to access Bitcoin have appeared, and it is natural for it to be adopted as a macro asset and a savings asset."
YM Lee
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